EUR/USD: Sovereign bids tipped at 1.4150

Author: Sean Lee | Category: News

A bit of early profit taking on EUR/JPY sent the pair from 136.80 to 60. As Jamie reported earlier, Sovereign demand was noticed on dips in the EUR/USD to 1.4150 during the NY session with tight trailing stops now expected below 1.4140 in case the bids don’t materialise. Heavy EUR/JPY stops are noted above 137.75.